This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SunPower Solar Power Systems Generated $5.6 Million In Electricity Savings For California's Public Schools In 2012

Stocks in this article: SPWR

SAN JOSE, Calif., Feb. 27, 2013 /PRNewswire/ -- At the California's Coalition for Adequate School Housing  (C.A.S.H.) annual conference in Sacramento, SunPower Corp. (NASDAQ: SPWR) announced that SunPower solar power systems installed at 92 of California's K-12 public schools have delivered an estimated total savings of $5.6 million in 2012.

"Over the next 25 years, SunPower solar power systems are expected to generate $140 million in school district savings that can be used to support and promote academic excellence. As a California company, with roots firmly in California education, it is extremely rewarding to deliver these valuable savings to our public schools," said Howard Wenger, SunPower president, regions. "SunPower offers the world's highest performing solar systems, with guaranteed performance that ensures these districts lock in positive financial returns."

California school districts with SunPower systems include San Ramon Valley Unified, Porterville Unified and Oxnard Union High Schools. Mount Diablo Unified School District (MDUSD) has SunPower systems operating at 51 schools, totaling 12.1 megawatts and representing the largest commitment to solar by a school district in the U.S. MDUSD estimates that its systems reduce the district's electricity costs by more than $3 million per year.

"Mount Diablo Unified School District is eliminating a very significant amount of our electrical costs from the district's general fund in the first year of our solar systems' operation, generating additional financial resources that are needed for our schools and classrooms," says Superintendent Steven Lawrence. "Saving our schools' money while reducing emissions is the right thing to do for our students and the environment. We are very satisfied with our decision to team with SunPower to bring the largest K-12 solar project in the country to fruition."

In 2012, SunPower systems at California school districts have offset the production of almost 19,000 tons of carbon dioxide, according to estimates provided by the U.S. Environmental Protection Agency. This is equivalent to removing 3,560 cars from California roads.

To date this year, SunPower was awarded two new contracts to build solar power systems on school campuses. Sweetwater Union High School District has increased its commitment to solar from six campuses with operational SunPower systems to 22 campuses, and Santa Ana Unified School District is planning SunPower systems at 10 schools.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs